Your business could be picked out of a hat for a tax investigation. However, the Taxman now has extremely sophisticated software and tools to analyse your accounts and tax returns. These days it is more likely that a business will be quickly and easily targeted for an investigation if it stands out for any of… Continue reading Tax investigations: What to do when HMRC comes knocking
By deciding to do an apprenticeship the transition from school into the working world was made a lot easier. I still wanted to learn and get qualifications but I found this difficult to do in a classroom as the learning was not hands-on. By doing an apprenticeship I gained intimate knowledge of the work environment… Continue reading The benefits of becoming an apprentice
You’ll pay tax if you or your family use a company car privately, including for commuting. You pay tax on the value to you of the company car, which depends on things like how much it would cost to buy and the type of fuel it uses. This value of the car is reduced if: you… Continue reading How to tell HMRC about your company car.
The Lifetime Individual Savings Account (ISA) is a longer term tax-free account that receives a government bonus. The accounts will be available from today (6 April 2017). HMRC have produced a helpful guide on the account. Some of which is reproduced below: Opening a Lifetime ISA You can open a Lifetime ISA if you're aged… Continue reading New Lifetime ISA
Construction Industry - subcontractor verification's HMRC have confirmed in the latest Employer Bulletin that changes will be made to the verification of subcontractors in the construction Industry Scheme (CIS) from 6 April 2017. From 6 April 2017, contractors must use an approved method of electronic communication to verify their subcontractors. So from 6 April 2017… Continue reading Construction Industry – Subcontractor verification changes from 6 April 2017
Torr Waterfield - Accountants & Business Advisors 